According to IANS report, Ratan Tata, Chairman, Tata Group met the top brass of Kingdom Holding, controlled by Prince Alwaleed bin Talal bin Abdulaziz Alsaud, in Riyadh to forge investment ties between the two sides. The visit was exploratory in nature to discuss all the potential investment opportunities that exist between the USD 25-billion Kingdom Holding and the USD 70-billion Tata Group.
The visit was a part of the larger strategy to expand in the Middle East with a focus on areas such as hospitality, information technology, engineering, steel, power and chemicals.
Ratan Tata was accompanied by Ravi Kant, Vice Chairman of the Group, while those who represented Kingdom Holding included Ahmad Halawani, Executive Director of private equity, Shadi Sanbar, Chief Financial Officer and Nahla AlAnbar, Private Executive Assistant to Prince Alwaleed.
Founded in 1980, Kingdom Holding is one of the largest private investment companies in the world with assets valued at USD 25 billion. The portfolio spans iconic landmarks, famous luxury hotels, leading banks and retail chains. |